China economy: Young people in China aren’t spending on romance. That’s a problem | CNN Business

During China’s go-go years, young couples holding enormous bouquets of roses were a familiar sight during the Qixi Festival, an ancient holiday celebrating love and loyalty.

People would flock to social media to show off brand-new iPhones and Louis Vuitton handbags gifted by their partners, as well as photos of dinners at fancy restaurants, during the Chinese version of Valentine’s Day, which typically falls in July or August each year.

That was when China’s economic growth was the envy of the world. This year’s festival was on Saturday, and it was a very different story. People went online to complain about the lack of gift-giving and festive spirit, citing a sluggish economy and tough job market.

Read More

How Making Gift-Giving A Habit Improves Your Mental Health | Life Hack

“People are naturally selfish and everyone just looks out for themselves.” How many times have you heard or thought of a statement like this? Is it true? According to a recent study about selfishness, it appears that people are not naturally selfish! In the study, they discovered that even when the part of the brain that controls generosity was interrupted, participants in the study acted generously out of impulse. This study showed that selflessness can be a natural response, instead of an effort.

This is good news for people who want to build a habit of gift giving. It won’t be so hard to do after all, when your natural impulse is to be generous. If you have ever gone through a season where you are constantly taking and never giving, you will know that it wears on you after a while. Constantly taking and never giving back can actually prevent happiness, the one thing that people around the world are looking for.

Read More